FMSB Limited Board Appoints Three New Directors

The FICC Markets Standards Board (FMSB) announced this Friday that it has made three new appointments to the Board of FMSB Limited. Namely, Martin Pluves, CEO of FMSB, has been named as Executive Director.

In addition to the appointment of Pluves, Niki Beattie and Philippa Foster Back CBE have also been named as new non-executive directors to the Board of the FMSB.

The appointment of Pluves as Executive Director reflects his successful first six months in the leading role of the FMSB, the organization said in its statement today, which has been made all the more difficult by COVID-19.

“His extensive knowledge and experience of FICC markets and their infrastructure, and his previous leadership positions in the industry, are well known to all who have worked with Martin,” the company said.

Beattie joins the Board with years of corporate governance experience in financial markets. At present, she is the Chair of both XTX Markets Ltd and pan-European MTF Aquis Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term PLC.

In addition to her director roles, Beattie is the CEO and Founder of Market Structure Partners, an independent consulting firm. The company works with global exchanges, clearinghouses, technology firms, market participants, and government bodies to give them advice on financial market structure issues.

FMSB continues to support standards in wholesale FICC markets

Foster Back, on the other hand, recently stepped down as Director of the Institute of Business Ethics (IBE), after having worked in the role since 2001. Earlier in her career, she was the Group Treasurer at EMI Group, Group Finance Director at DC Gardner Group, and Group Treasurer at Bowater.

At the moment, she is BEIS/FRC Wates Coalition Group member, a member of the ACT Advisory Panel, and also a member of the CISI Board and its Integrity Forum.

Commenting on the appointments, Mark Yallop, Chairman of FMSB, said in the statement: “I’m delighted to welcome Martin, Niki and Philippa as new directors of FMSB. Martin’s dedication to FMSB’s mission and personal passion for our work is evident to all who have worked with him the last months.

“Niki and Philippa bring significant knowledge and experience of wholesale markets and of promoting high standards in business practices. Martin, Niki and Philippa will all play an important role in the governance and direction of FMSB as we continue to work with our members to enhance standards of behaviour in the wholesale FICC markets.”